NOT FINANCIAL ADVICE Keeping things simple, studying $BTC vs MACD vs RSI, a divergence pops out clearly on the shortterm 4H charts. While these do not always indicate a top or a dip, it is a signal that it is usually potentially accompanies one. Also charted are the various levels of potentiall strong resistances that may deflate bitcoin’s current rally....
Not financial advice. Not Technical Analysis. Just something to think about.
NOT FINANCIAL ADVICE It's been a while since I posted any updates for $ZIL and yes, the incumbent bearish market has everything to do with it. Also, there really isn't much to do during a bear market except to BTFD. But we do have to roughly figure out if the bottom is here, or not. Let us take a very simple look at $ZIL's volume since Dec 2020. Bear, no pun...
NOT FINANCIAL ADVICE Should we get bullish or do we stay bearish? Let's take a dive on the Macro level for $ZIL using the Ichimoku Cloud indicator. For the uninitiated on Ichimoku Clouds, Investopedia has a good introduction here . With that out of the way, based on $ZIL's macro Weekly chart, here we consider the bearish and bullish signals from this...
NOT FINANCIAL ADVICE. I enjoy using my Crypto.Com VISA debit card because it is both convenient and enables me to 'cash out my crypto on a whim. There's a 3rd reason too, and that is the benefit of earning $CRO as cashback, whenever I make purchases. So in a weird way, spending my crypto lets me earn back crypto. $CRO is still very much in price discovery...
NOT FINANCIAL ADVICE We may have not seen the worse part of this Wave II retracement, which looks like a 5-3-5 Corrective Waves ABC. On the Daily charts, It does seem to confirm the completion of Wave A (5 impulse waves down), Wave B (3 corrective waves reversal). While price action may have retraced (from ATHs) touching the expected 0.618 fib levels, but due...
NOT FINANCI.. oh heck. STORYTIME. So, once upon a time.. Early Jan: Institutions (smart money) are triggered, and buys in. Late Jan: Retail take profit. Too yummy to resist. Early Feb: Smart money continues buying. Late Feb: FOMO profit taking is seen. Meanwhile, FOMO buying is also accumulating. Early Mar: Strong FOMO buying > FOMO profit...
NOT FINANCIAL ADVICE. This is my first ever attempt to jump onto the Wyckoff's method bandwagon after spending weeks of reading and testing. This post is as much an effort to figure out $ZILUSD's trend as it is to grow my understanding in this school of thought. As such, I welcome all feedbacks, criticisms, advices, and where I might have erred a thing or two,...
NOT FINANCIAL ADVICE Immediate resistance (where sellers are at) = $43k Immediate support (where buyers are at) = $29.9k While prices may have seen some bounce lately to much cheer by some in the cryptoverse, alas it may turn out to be a dead cat bounce. My apologies to all feline lovers out there! Allow me to present my case: Corroboration #1:...
NOT FINANCIAL ADVICE Be warned that this post contains an extremely bullish count for $ZIL, unlike my previous post , which was counted with a hint of bearishness. Let's put aside that bearish possibility for a while, because in the macro trend $ZIL is bullish! As with most Elliot Wave studies, more confirmations received sometimes causes the counts to change...
NOT FINANCIAL ADVICE Have we seen the top for $DOGE? Did SNL's skits played into Dogecoin's fall? Were whales responsible for the flash crash (massive short sells)? Back to Ralph Nelson Elliot's teachings.. If this is a top, then expect $DOGE to visit the 61.8 retracement levels with TP $0.29 in the midterm. At the moment it has crossed 32.8 fib levels...
NOT FINANCIAL ADVICE With the SuperCycle starting all the way from Dec 2018, we see a beautiful $ETH 3 waves movement over the years. Considering that we have yet to see any proper Wave 4 pullbacks, this also plays into the hands of a potentially sumptuous Wave 5 ($15k???), on the Supercycle! But focusing back onto this Wave 3 underway, a quick fib extension...
NOT FINANCIAL ADVICE I'm noticing a weird occurrence of the Doji on the Daily for $DOGE, that it pumps everytime you see one. What are the odds that the current Doji results in a pump, considering: - nothing else meme-able at the moment (not GME, not TSLA, not AMC.. ) - Elon Musk appearing on SNL in a few hours - BTC moving sideways, meaning alts pumping Btw,...
NOT FINANCIAL ADVICE . Zilliqa's is uptrending, in a good way. From Mar 2020s all-time lows, we have had an insane trip breaking previous all-time highs. There's also a seemingly neverending list of projects and partnerships being announced every week these days. On Twittersphere, #ZilFam is growing fervently and the community is never bigger. The best news...
NOT FINANCIAL ADVICE In this Ichimoku Cloud study, here are three bearish signals that we can clearly see on bitcoin's daily chart: 1. Price action playing out within the Kumo cloud, hitting Senkou Span A (leading Span A) resistance and trending down 2. Tenkan sen (blue conversion line) crossed the Kijun sen (base line) and trending down 3. Chikou span...
NOT FINANCIAL ADVICE. In this study piece of $THETA's recent explosive price action, we see a very strong move to the upside after weeks of Price Action trading in a prolonged triangle of a Wave 4 pullback as shown below: Here we see how the 0.618 resistance impacted price action as it traded in a channel below this fib level. That is until it finally broke...
What does divergences tell you? That while price action are making highers highs and higher lows, the buying pressure is decreasing steadily, which is almost always a signal for a reversal -- aka a bearish trend incoming. Not since late Aug 2020 till early Oct 2020 did we see a slightly prolonged bearish trend stretching more than a month And do you remember...
With $BTC expected to hit a consolidation point or minor pullbacks.. ...the stage is set for Alt Season 2021! And we have $VET here that is endlessly retesting ATHs ever since the turn of this year. While 5th Waves are characteristically related to FOMO, we can clearly see that the 'energy buildup' is increasing ever since late March. I will not be...